Short Interest in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Grows By 24.3%

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 33,800 shares, an increase of 24.3% from the February 13th total of 27,200 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its holdings in Pioneer Municipal High Income Advantage Fund by 105.8% during the 4th quarter. Sanctuary Advisors LLC now owns 21,891 shares of the company’s stock valued at $188,000 after acquiring an additional 11,254 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock worth $1,461,000 after buying an additional 4,360 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 4.7% during the fourth quarter. Park Avenue Securities LLC now owns 117,850 shares of the company’s stock worth $993,000 after buying an additional 5,297 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 32.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,379,762 shares of the company’s stock worth $12,197,000 after buying an additional 341,293 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter worth about $51,000.

Pioneer Municipal High Income Advantage Fund Stock Performance

MAV stock opened at $8.44 on Wednesday. Pioneer Municipal High Income Advantage Fund has a one year low of $7.77 and a one year high of $9.10. The company has a fifty day moving average of $8.57 and a 200-day moving average of $8.66.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, March 14th.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.